Post by
downwithdotcom1 on Jul 06, 2021 1:06pm
now a general O&G sell-off, other news
ARX down 50 cents, CR down 10%, CVE off 80+ cents..one day bear attack?? or will this be something more due to a failed OPEC+ deal??
Other news-new July presentation-any changed??
Dennis Desilva luvs ARC..core holding, says trade inline to others BUT DESERVES to trade at a better multiple, under promises and over delivers..
cup half empty, cup half full. regards, dwdc
Comment by
powerlunchmoney on Jul 06, 2021 2:04pm
API likely projecting a build.
Comment by
barneyj44 on Jul 06, 2021 2:12pm
Api projecting a build?From the amount of cars and recreational vehicles I see on the roads I wouldn't think a build is possible. Airports are busy as well. I would say some profit taking going on.
Comment by
sirmevl on Jul 06, 2021 2:37pm
My thought is opec+ again is on the cusp of falling apart and people are worried 6 million bbls a day could be released at any point driving oil prices down . Standard for opec.